Bank Reconciliation
Enhance Payment Transparency & Minimize Audit Risks
Minimize audit and fraud risks with a more transparent financial narrative. Payment posting and reconciliation solutions streamline the payment process by aligning payment data with specific patient billing records in your billing system.
Eliminate Manual Processes with a Fully Digital Payment System
Streamline your workflow with our paperless system. Receive electronic remittance advice from payers and convert EOBs into electronic files. Once posted, these are balanced and reconciled against deposit data, then seamlessly uploaded into your billing system.
Reduce Manual Reconciliation & Focus on Revenue Optimization
Eliminate the need for manual reconciliation and reallocate your team’s efforts to addressing exceptions and denials rather than focusing on payment posting. Simply upload files to ImagineOne and match them with the patient’s billing information.
Key Features of BankingQ™ for Streamlined Financial Management
Payment Reconciliation
Validates and reconciles bank deposits to the revenue collected in your billing offices
Payment Posting
Connects with your existing bank lockbox or billing office to route scans of the original EOB
Payment Parsing
Separates and routes combined ERA files to the appropriate entity for proper posting
API Interface
A system-agnostic API that connects with any bank or practice management system
How does automated bank posting and reconciliation work?
- Upload files (claim files, remittance files, EOB images) into your billing system
- System automatically posts against open patient bills
- Review payment history, balance and denials for reconciliation
Discover More Tools to Optimize Your Payment & Billing Processes
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